SBF AG

Latest Results (08.11.2025):

SBF AG delivered robust operational performance in the first half of 2025, navigating a challenging market environment for the manufacturing industry. While group revenue declined slightly to EUR 21.9 million compared to H1 2024, the company achieved a notable improvement in EBITDA, rising to EUR 0.5 million (EUR 0.9 million when adjusted for a precautionary customer insolvency entry). Strategic restructuring and efficiency measures, along with targeted investments across key segments, underpin the company’s confidence in reaching its full-year targets.

Revenue and EBITDA Performance

SBF AG’s group revenue for H1 2025 reached EUR 21.9 million—slightly lower than the EUR 22.9 million reported in H1 2024—mainly due to short-term delays in customer call-off orders. However, EBITDA improved from EUR 0.1 million in H1 2024 to EUR 0.5 million in H1 2025, reflecting the positive effects of restructuring measures, with an adjusted EBITDA of EUR 0.9 million.

Segment Highlights

In the “Rolling Stock” segment, sales grew by 19% to EUR 11 million, supported by a high order backlog despite short-term postponements by customers. The “Public and Industrial Lighting” segment saw revenue at EUR 4.5 million, below H1 2024 levels, as it faces weaker order intake and economic pressures, though strategic measures and cost reductions are underway. The “Sensor Technology and Electromechanics” segment maintained steady revenue at EUR 7 million, bolstered by increasing synergy effects and a promising order backlog.

Outlook for 2025

The management confirmed the outlook for 2025, forecasting a full-year revenue between EUR 43.0 and 46.0 million and EBITDA between EUR 1.5 and 2.5 million, targeting significant improvements in profitability beyond the current fiscal year.